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<Commodity> S Korea Implements Immediate Ban on Naphtha Exports
South Korea has imposed a complete ban on naphtha exports starting today (27th) at midnight to alleviate domestic supply tensions. The export ban is initially set for five months.S...
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<Commodity> S Korea Implements Immediate Ban on Naphtha Exports
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South Korea has imposed a complete ban on naphtha exports starting today (27th) at midnight to alleviate domestic supply tensions. The export ban is initially set for five months.

South Korea relies on imports for 45% of its naphtha, with 77% of its imports coming from the Middle East. Following the implementation of the ban, domestically produced naphtha is prohibited from being exported, and even contracted naphtha is banned from export unless approved by the Minister of Industry.

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The South Korean Ministry of Industry stated that the government will support efforts to import naphtha from abroad and will prioritize ensuring the supply needed for healthcare, critical industries, and essential goods production.



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.



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